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Aug 29, 2019
08/19
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around 95% of respondents are in china for china. that's important because if you're operating in the china market or manufactured in the china market, and the terrorist on the bilateral relationship will impact you in a very different way. that being said, read a quarter of our companies are leveraging china sport platform for the new broad or for the united states. 67% of respondents in this year's survey were in china are based in china. around 33% are based in the united states, 2% in other locations, europe, south america, et cetera. so getting into the survey, the key findings this year, companies are commercially successful in china. revenue in china operations increased last year and the overwhelming majority of our member company respondents, , 9, were profitable. however, trade frictions are eroding use company competitiveness. this is happening because both u.s. and chinese retaliatory tariffs and because u.s. companies are increasingly viewed as unreliable suppliers. while this issue is top of mind, the more pernicious lo
around 95% of respondents are in china for china. that's important because if you're operating in the china market or manufactured in the china market, and the terrorist on the bilateral relationship will impact you in a very different way. that being said, read a quarter of our companies are leveraging china sport platform for the new broad or for the united states. 67% of respondents in this year's survey were in china are based in china. around 33% are based in the united states, 2% in other...
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Aug 2, 2019
08/19
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BLOOMBERG
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views china. china today is different than china 20 years ago. reform. time to a misconception in those views? i had to be a chance to be with dr. kissinger. celebrate theo anniversary. up, theyonomy opened would begin to compete. that has not happened. that is what we are driving for. it is elemental. >> if there is one thing china needs to do, what would that be? one first step? >> i am not directly involved. there was an agreement that would have put us in a good place. to where weome back wear that day. >> you touched on hong kong. how the government needs to listen. murmurings suggesting there is a congregation of way -- canng their you envision that happening? >> i think president trump has been clear, we have asked for the right thing. the tradition making sure everyone has the chance to express their views. i hope the way things proceed will be not violent. for any parties in the region. citizens will want to voice their views, whether in support or opposition, they will be able to do. >> it is a chinese issue, hong kong. should they make their w
views china. china today is different than china 20 years ago. reform. time to a misconception in those views? i had to be a chance to be with dr. kissinger. celebrate theo anniversary. up, theyonomy opened would begin to compete. that has not happened. that is what we are driving for. it is elemental. >> if there is one thing china needs to do, what would that be? one first step? >> i am not directly involved. there was an agreement that would have put us in a good place. to where...
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Aug 26, 2019
08/19
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and china. a chinese foreign ministry spokesman said he was unaware of any calls with the u.s.. this is echoed by the global times. enda curran has more. what actually happened? enda: i think that's what everyone is trying to figure out. we have had a day of conflicting signals. the foreign ministry in beijing were not able to immediately confirm the phone calls president trump referred to. the editor of "the global times," an important mouthpiece for the communist party, made the point that whatever calls did take place weren't at the level of significance president trump hinted they were. we know that the talks scheduled for september are still meant to take place. there's a lot of confusion about whether or not there has been an olive branch offered by either side and all of this, but i think the take away probably came from president trump's remarks that he sees prospects for a deal being better than they have been for some time. we have commentary from vice that made ite clear china is stil
and china. a chinese foreign ministry spokesman said he was unaware of any calls with the u.s.. this is echoed by the global times. enda curran has more. what actually happened? enda: i think that's what everyone is trying to figure out. we have had a day of conflicting signals. the foreign ministry in beijing were not able to immediately confirm the phone calls president trump referred to. the editor of "the global times," an important mouthpiece for the communist party, made the...
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Aug 31, 2019
08/19
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FBC
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is it china? and is it going to force them to change track or, actually, is this rebounding and hurting americans worse? >> well, there's a lot in there. let me unpack some of it. first of all, or even president trump himself doesn't believe explicitly that china is fully paying the cost of these tariffs because you'll recall that he recently suspended the implementation of the tariffs so that u.s. consumers wouldn't be whacked too hard around the holiday time. so it's widely understood that tariffs are paid by the company that imports those goods. they then try to push those costs forward to consumers. now, you asked some other questions in there, what were they? gerry: who's being hurt more, the chinese finish. >> right. gerry: chinese businesses are being hurt, presumably, because their goods are more expensive and suffering competitive disadvantage. >> right. i think the key there is your basic premise is correct. the key this is that we import over four times more from china than they import
is it china? and is it going to force them to change track or, actually, is this rebounding and hurting americans worse? >> well, there's a lot in there. let me unpack some of it. first of all, or even president trump himself doesn't believe explicitly that china is fully paying the cost of these tariffs because you'll recall that he recently suspended the implementation of the tariffs so that u.s. consumers wouldn't be whacked too hard around the holiday time. so it's widely understood...
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Aug 24, 2019
08/19
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FBC
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the markets want a deal with china. the markets want some sort of resolution but the problem is that a trade truce may be far away if you're asking china to change things like their policies on state-owned enterprises which goes further than just the intellectual property issue. david: jonas? >> i think the market doesn't like tough talk any more with china at the end of the day. i think the voters probably do. i think these are fair points the president is raising, if they were raised in a previous administration, before china got so large that it's difficult to be this tough with them. i don't know if these companies are going to leave especially if they could just wait it out. i'm not saying they shouldn't. i just don't think it's feasible given the supply chains and infrastructure that have been built up over the last three decades in china so i think it is a difficult path. that said, and more importantly, i don't know. china's not going to keep drugs out of our country. that's going to have to be our job. these ar
the markets want a deal with china. the markets want some sort of resolution but the problem is that a trade truce may be far away if you're asking china to change things like their policies on state-owned enterprises which goes further than just the intellectual property issue. david: jonas? >> i think the market doesn't like tough talk any more with china at the end of the day. i think the voters probably do. i think these are fair points the president is raising, if they were raised in...
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Aug 27, 2019
08/19
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and china had been having. nonetheless you did see the leader of the negotiations on the chinese side dialed back the temperature with comments saying that the chinese side still wants to consult with the u.s. and cooperate with the u.s. and do so in a calm way with a calm attitude. over the weekend, we saw the rhetoric really stepped up. and then you have the vice premiere dialing this down. it seemed like president trump was whiffing on some of the comments at the g-7. the skepticism remains as to trump's intentions. very much the focus remains on trying the plan as best they can of course for this trade war being a long drawn out affair. what we're looking to now is whether or not these trade talks which have been penciled in in washington will indeed continue. david: you could industrial profits surprised us a little bit. gave us m so good news that investors were begging for. tom: it did. it surprised us and bloomberg economics and our guest mary. 2.6% was the number we got in july year-on-year. the highes
and china had been having. nonetheless you did see the leader of the negotiations on the chinese side dialed back the temperature with comments saying that the chinese side still wants to consult with the u.s. and cooperate with the u.s. and do so in a calm way with a calm attitude. over the weekend, we saw the rhetoric really stepped up. and then you have the vice premiere dialing this down. it seemed like president trump was whiffing on some of the comments at the g-7. the skepticism remains...
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Aug 12, 2019
08/19
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. >> china has set its sights on the indian ocean. it's promising a bright future for all those who help reach its destination. but stung by land acquisitions, the people of rakhine state are still wary of getting on board the "belt and road" initiative. >> flights canceled in hong kong because of pro-democracy protesters. they are accusing police of using excessive force. teargas was fired into an enclosed metro station. updates fromtting our reporter in hong kong. to decide if the prime minister will face a no-confidence motion. conservative elected president of guatemala. he has criticized a migration de
. >> china has set its sights on the indian ocean. it's promising a bright future for all those who help reach its destination. but stung by land acquisitions, the people of rakhine state are still wary of getting on board the "belt and road" initiative. >> flights canceled in hong kong because of pro-democracy protesters. they are accusing police of using excessive force. teargas was fired into an enclosed metro station. updates fromtting our reporter in hong kong. to...
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Aug 13, 2019
08/19
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LINKTV
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. >> china has set its sights on the indian ocean. it's promising a bright future for all those who help reach its destination. but stung by land acquisitions, the people of rakhine state are still wary of getting on board the "belt and road" initiative. shocked defeat for argentina's president bush's their currency to a record low. president pushes their currency to a record low. coming up, hundreds of protesters defy a security as the regionona, marks a holiday.y. plus -- >> t the threaeat is coming frfe u.s. anchor: an exclusive interview with iran's foreign minister which warns the
. >> china has set its sights on the indian ocean. it's promising a bright future for all those who help reach its destination. but stung by land acquisitions, the people of rakhine state are still wary of getting on board the "belt and road" initiative. shocked defeat for argentina's president bush's their currency to a record low. president pushes their currency to a record low. coming up, hundreds of protesters defy a security as the regionona, marks a holiday.y. plus --...
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Aug 2, 2019
08/19
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the only country that could contain china's china and our policy at that time was china [inaudible] since itted ever opened to the world. china is in the process of containing itself. aggressionking such -- aggressive action. the countries outside nonetheless had interest and they are banding together to opposed this very aggressive chinese posture from the military quantity of some of the so a fewpoint of view, small islands in the southern part of the south china sea are really inconsequential compared , athe strategic level unified concern about china and banding together in order to offset and contain this offense of our china, so i think china is causing a reaction which it will regret. in my experience, the chinese are very practical and it's something they are not trying is not something -- it's something they're trying is not, they will try something else. there are those who think the more we demand, we will get a point where all the other countries will say we will just do whatever you want. are allies and partners and support them, we will show china it is a losing strategy and
the only country that could contain china's china and our policy at that time was china [inaudible] since itted ever opened to the world. china is in the process of containing itself. aggressionking such -- aggressive action. the countries outside nonetheless had interest and they are banding together to opposed this very aggressive chinese posture from the military quantity of some of the so a fewpoint of view, small islands in the southern part of the south china sea are really...
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Aug 7, 2019
08/19
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and china. paul: indeed. for more on that, let's get to our next guest, a longtime advisor to china's leaders and multinational corporations. he received china's highest award from president xi jinping last year. he is also the author of "how hinese leaders think." in this environment of escalating trade and potentially currency wars and diplomacy by tweed, how will china's leaders be inking right now? >> they are in it for the long haul. unfortunately, this has gone way beyond trade. it is technology, currency. it is somewhat paranoid thinking in both places as we see nationalism rising. the temperature of nationalism is always negative on rational approaches. the economy of both countries are affected, as is the world. one hopes that rational voices will prevail. we have unfortunately in both countries -- media has become somewhat shrill. puttingresident trump additional tariffs, putting china in a very awkward position. the irony is that we were very close to a deal of until may. both sides said about 90%
and china. paul: indeed. for more on that, let's get to our next guest, a longtime advisor to china's leaders and multinational corporations. he received china's highest award from president xi jinping last year. he is also the author of "how hinese leaders think." in this environment of escalating trade and potentially currency wars and diplomacy by tweed, how will china's leaders be inking right now? >> they are in it for the long haul. unfortunately, this has gone way beyond...
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was in the wrong china ignored the ruling. in the philippines critics have pounced on to territory for being seen to turn a blind eye to china's development in return for trade but when a chinese vessel rammed a fishing boat in june leaving 22 filipino fishermen dead. could not ignore public anger any longer. joining us is richard hadari an author of the rise of do territory and also more recently the indo-pacific trump china and the new struggle for global mastery so very well placed to explain some things to us a tell us richard to what extent is domestic pressure influencing to territories actions on this trip. yeah i mean the president's very popular in terms of his overall approval ratings but on the issue of foreign policy and his followers who are china that's where we see a lot of problems there's pushback from his own top generals including its defense secretary and national security adviser opening busy to raise concerns about that there should be espionage we didn't see lots of chinese illegal workers and citizens i
was in the wrong china ignored the ruling. in the philippines critics have pounced on to territory for being seen to turn a blind eye to china's development in return for trade but when a chinese vessel rammed a fishing boat in june leaving 22 filipino fishermen dead. could not ignore public anger any longer. joining us is richard hadari an author of the rise of do territory and also more recently the indo-pacific trump china and the new struggle for global mastery so very well placed to...
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and china. obviously china is on much weaker footing, if you will, from an economic standpoint than the u.s. so the timing of taking china on now is certainly there. and i think it is exactly as you said, the u.s. is beginning to think about, talk about themselves, the long game, if you will. you listen to some of the advisors to the president who say, you know, this is not about what the stock market is going to do over the next months, even six months or more. this is about taking on china now so that 10, 20, 50 years from now, we don't find ourselves having to be much more aggressive in terms of keeping china check. and so i think that, you know, this is what has come together. the time is now. because of this president. because of the relative strength of the economies in the two countries, to actually, to take this fight on. and that is what the president is doing. ashley: courtney, very quickly i want to ask you another question i herd what you said earlier, nothing has worked at all when
and china. obviously china is on much weaker footing, if you will, from an economic standpoint than the u.s. so the timing of taking china on now is certainly there. and i think it is exactly as you said, the u.s. is beginning to think about, talk about themselves, the long game, if you will. you listen to some of the advisors to the president who say, you know, this is not about what the stock market is going to do over the next months, even six months or more. this is about taking on china...
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Aug 17, 2019
08/19
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FBC
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do to win the tech war with china? >> i think we are at a point where this relationship is going to be rethought quite a bit. >> peter thiel gives maria his take when "wall street" returns. ♪ ♪ ♪ ♪ award winning interface. ♪ ♪ award winning design. ♪ ♪ award winning engine. ♪ ♪ the volvo xc90. our most awarded luxury suv. ♪ ♪ could you email me the part great about geicon, tim. making it easy to switch and save hundreds? oh yeah, sure. um. you don't know my name, do you? (laughs nervously) of course i know your name. i just get you mixed up with the other guy. what's his name? what's your name? switch to geico®. you could save 15% or more on car insurance. could you just tell me? i want this to be over. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? most pills don't finish the job because they don't relieve nasal congestion. flonase sensimist is different. it relieves all your worst symptoms, including nasal congestion, which most pills don't. it
do to win the tech war with china? >> i think we are at a point where this relationship is going to be rethought quite a bit. >> peter thiel gives maria his take when "wall street" returns. ♪ ♪ ♪ ♪ award winning interface. ♪ ♪ award winning design. ♪ ♪ award winning engine. ♪ ♪ the volvo xc90. our most awarded luxury suv. ♪ ♪ could you email me the part great about geicon, tim. making it easy to switch and save hundreds? oh yeah, sure. um. you don't...
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Aug 12, 2019
08/19
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BLOOMBERG
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i'm also watching china everbright and china literature earnings. they last closed up 3/10 of a percent and analysts say there could be strong growth sales because of intellectual property operations. switching boards, look at this chart, the gap between -- the gap is widening. anchoring the currency stronger with the fixing versus the onshore is rating appeared the market concern of the yen falling off a cliff is receding even though the seven level has been breached. it doesn't mean the yen will fall unchecked. paul: thank you very much. that is it from "daybreak: asia ." markets covering -- coverage continues. markets:for "bloomberg china open." this is bloomberg. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping bu
i'm also watching china everbright and china literature earnings. they last closed up 3/10 of a percent and analysts say there could be strong growth sales because of intellectual property operations. switching boards, look at this chart, the gap between -- the gap is widening. anchoring the currency stronger with the fixing versus the onshore is rating appeared the market concern of the yen falling off a cliff is receding even though the seven level has been breached. it doesn't mean the yen...
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gemini that's a competition really it's competition and i think china china and russia are both open to a partnership with the u.s. they're not anti the u.s. but they want their own there their own vision and they have a shared i think shared geo political economic development vision for the world not just for central asia but and i think they're working that closely together and i think other countries realize that they respect them as well so i think there's a dangerous path for the u.s. to go and i think we need some policy shake up to realize that. both these leaders are pragmatic they realize the u.s. very influential and i think they want to work with the u.s. . ok well jill i mean i can the problem is not one versus the other well that's what it gets down to in washington and i mean again in washington wants a gemini ok i see that russia and china visa be the. i'd say it's one at the very least peaceful coexistence but going back to you know what would jim is saying and i mean it's either one way or the other that is not going to work now because china and russia did collectiv
gemini that's a competition really it's competition and i think china china and russia are both open to a partnership with the u.s. they're not anti the u.s. but they want their own there their own vision and they have a shared i think shared geo political economic development vision for the world not just for central asia but and i think they're working that closely together and i think other countries realize that they respect them as well so i think there's a dangerous path for the u.s. to...
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Aug 11, 2019
08/19
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can impose on china. china already faces significant u.s. tariffs. >> what we are seeing is a message from the pboc that the yuan has not become a one-way bet. it is a shot across the bowels. >> the stock market bounced back today. i am feeling that maybe this is recoverable after all. it is hard to see how that happens when people get doug in. it becomes a personal confrontation between the chinese president and trump. neither person wants to back down and lose face. trade should not be personalized that way and i am afraid that is what happened. >> central banks have taken center stage today. the yuan has cut its rates by an unprecedented 35 basis points. in new zealand, the fed announced a larger than expected rate cut there. 50 basis points. --central banks are really willing to go big. sayingjames bullard there is no reason to pile on rate cuts. markets don't seem to be buying that. traders are pricing at 100 basis points at rate cuts from the fed over the next year, that will be on top of the production we got in july. is central messa
can impose on china. china already faces significant u.s. tariffs. >> what we are seeing is a message from the pboc that the yuan has not become a one-way bet. it is a shot across the bowels. >> the stock market bounced back today. i am feeling that maybe this is recoverable after all. it is hard to see how that happens when people get doug in. it becomes a personal confrontation between the chinese president and trump. neither person wants to back down and lose face. trade should...
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china and it shows how. true it propaganda ideology there we go muslim minority in northwest china they are being monitored very closely. region it's like a testing ground for total states of aliens police officers into what's called the integrated joint operation perform the program collects extensive personal data and flags individuals who appear potentially dangerous the organization should. and rights watch analyzed the program on its surface most of this information looks like standard fare for police but as we dig deeper into the are we can see that ordinary routine regal behavior is being treated by authorities as suspects the data gathered citizens is shockingly comprehensive includes information ranging from religious affiliations and driver's licenses to employment records even gathers data on residential energy consumption movement patterns of filmed by the ever present surveillance cameras if something appears out of the ordinary consequences can be devastating for example it's helped single out
china and it shows how. true it propaganda ideology there we go muslim minority in northwest china they are being monitored very closely. region it's like a testing ground for total states of aliens police officers into what's called the integrated joint operation perform the program collects extensive personal data and flags individuals who appear potentially dangerous the organization should. and rights watch analyzed the program on its surface most of this information looks like standard...
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Aug 6, 2019
08/19
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CNBC
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and china over trade. of course china did allow the yuan to fall to an
and china over trade. of course china did allow the yuan to fall to an
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Aug 26, 2019
08/19
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we all know china is still growing around 6%. the global economy growing around 1.9, 2% as well and all of these countries germany, italy and of course especially the united kingdom in its brexit situation want to court the chinese as well. but at the same time, they don't want to upset the u.s. president as well. we saw great between the u.s. president and boris johnson yet again this meeting as well the reason why this meeting might be seen as a success and the reason why the futures are rallying at this moment because nothing bad happened nobody got very upset so far as well again, the french word, all of this was in real very prevalent this time around as well and of course the hopes that the u.s. and china can get their trade deal back on track, that's what sent these futures of course in the opposite direction from the big declines we saw again this morning >> we'll call you the o-g. thank you very much, steve the headlines keeping you on your toes an we appreciate it, steve. as always. >>> joining us now is ambassador linc
we all know china is still growing around 6%. the global economy growing around 1.9, 2% as well and all of these countries germany, italy and of course especially the united kingdom in its brexit situation want to court the chinese as well. but at the same time, they don't want to upset the u.s. president as well. we saw great between the u.s. president and boris johnson yet again this meeting as well the reason why this meeting might be seen as a success and the reason why the futures are...
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Aug 28, 2019
08/19
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and china. given the time, i will stop here. >> thank you. >> thank you senator tallent, commissioner wetzel and the rest of the commission for inviting me to provide this testimony today. over the past five years, china has advanced its biotech capabilities and offerings primarily through three industries. therapeutics, contract research and manufacturing and dna sequencing and related technologies. although in many cases china is still catching up to the major players in the global biotech market they are beginning to make and roads and in some cases notably genomics are among the leading edge of technology. many of the biologic drugs being developed in china are bio similars meaning a highly similar molecule to an existing approved biologic drug. similar to producing generic drugs. common bio similar targets include popular drugs like humira, avastin and herceptin used for treating chronic conditions such as arthritis, slices and cancer. few of these drugs have made it to market, however, and
and china. given the time, i will stop here. >> thank you. >> thank you senator tallent, commissioner wetzel and the rest of the commission for inviting me to provide this testimony today. over the past five years, china has advanced its biotech capabilities and offerings primarily through three industries. therapeutics, contract research and manufacturing and dna sequencing and related technologies. although in many cases china is still catching up to the major players in the...
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Aug 14, 2019
08/19
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ALJAZ
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and china continues unions say prices are falling into man for goods from china has dropped and gallagher reports from iowa where the dispute has already cost the state an estimated $2000000000.00. iowa or is known as the tall cool and state part of the american rural heartland where agriculture and food production dominate the economy so he beads have been exported to china for decades but the trade war is changing all that in july china placed a 25 percent tariff on the crop and stocks piled up prices dropped and i was farmers have been called to the cross says you know corn and soybeans are 2 major crops that we've grown and people has just returned from china as part of a soybean growers delegation like many farmers in iowa she's being hit hard we knew someone had to deal with china something had to be done and you know we don't like how it's going down because at the end of the day agriculture usually always takes it grows wos is been hampered by an unusually wet spring and is trying to deal with an outbreak of african swine fever the need to feed to make using soybeans has dropped.
and china continues unions say prices are falling into man for goods from china has dropped and gallagher reports from iowa where the dispute has already cost the state an estimated $2000000000.00. iowa or is known as the tall cool and state part of the american rural heartland where agriculture and food production dominate the economy so he beads have been exported to china for decades but the trade war is changing all that in july china placed a 25 percent tariff on the crop and stocks piled...
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Aug 1, 2019
08/19
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-china trade negotiations and brexit. rishaad: it seems he is not as deliberate as he would have been before. he seemed to ramble in the news conference, saying things like midcycle adjustment, not giving any clarity. of course you never get perfect clarity here. is he getting bullied? i mean, i'm not just talking about his boss, marketsbut -- his boss, but markets. david: journalists with hard questions. [laughter] rishaad: all of this noise coming out of bond and equity markets. were the fed futures already permeating a basis cut. we got to the growth outlook. myself, therelike is a lot of uncertainty over the horizon. from the fed perspective, it will be difficult for them. rishaad: sure, but he didn't seem himself, jay powell. deyi: he did deliver a less dovish commencement than what we got. we believe they probably will do more. u.s.-china trade talk uncertainty, the talks in shanghai this week concluded with no finalization's. -- finalizations. yvonne: doe easing matters or will they be more domestic factors at play
-china trade negotiations and brexit. rishaad: it seems he is not as deliberate as he would have been before. he seemed to ramble in the news conference, saying things like midcycle adjustment, not giving any clarity. of course you never get perfect clarity here. is he getting bullied? i mean, i'm not just talking about his boss, marketsbut -- his boss, but markets. david: journalists with hard questions. [laughter] rishaad: all of this noise coming out of bond and equity markets. were the fed...
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Aug 28, 2019
08/19
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and china. , but thewin environment is going to get ,orse if it becomes political whether you align with china or the u.s. most people are losing, including the u.s. and china. that is pretty much the conclusion that the economics report comes to as well, that everybody loses. i just want to talk about deficits as well. the president is very concerned with trade deficits, but is he worried about budget deficits? pointing out $100 billion in terrorists, but a trillion dollar deficit that the u.s. is steering down. staring down. adam: he and the congress are a bunch of hypocrites that were talking about austerity or conservatism during the need for stimulus in the financial crisis , and now that we have an economy doing extremely well, they still go out and cut taxes and blow spending. this is complete hypocrisy. it is probably wasting money that could be used for better purposes at a better time. is stickingosen around because ahead, we are discussing brexit and elon musk. he risks president trum
and china. , but thewin environment is going to get ,orse if it becomes political whether you align with china or the u.s. most people are losing, including the u.s. and china. that is pretty much the conclusion that the economics report comes to as well, that everybody loses. i just want to talk about deficits as well. the president is very concerned with trade deficits, but is he worried about budget deficits? pointing out $100 billion in terrorists, but a trillion dollar deficit that the...
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Aug 13, 2019
08/19
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ALJAZ
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and i believe that china's investment standout is the china pakistan economic toreador more commonly known as the seat next project is going to use its teeth and it currently represents 20 percent of the economy i think it's a very important project for both the countries especially pakistan considering the fact that it has a big influence on the pakistan's. very there if those figures are accurate 20 percent of the economy one might understand why they're hesitant to speak out. no i mean certainly there are a number of countries that are beholden to china and the chinese government does buy silence through its investments whether through the bottom road initiative the large infrastructure project or through other kind of the kinds of investments but what was particularly surprising is there were several members of the organization of islamic cooperation wealthy countries like saudi arabia the united arab emirates behind qatar and others that you know similarly were were silent they don't they don't rely on chinese investments they're not beholden to china in the same way as poor cou
and i believe that china's investment standout is the china pakistan economic toreador more commonly known as the seat next project is going to use its teeth and it currently represents 20 percent of the economy i think it's a very important project for both the countries especially pakistan considering the fact that it has a big influence on the pakistan's. very there if those figures are accurate 20 percent of the economy one might understand why they're hesitant to speak out. no i mean...
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Aug 28, 2019
08/19
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BLOOMBERG
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it china trade tensions? that you need to diversify away from your sales based in china? >> is not about diversity away from china. mining company. we think exploration is a great way to unlock potential growth. we think copper will be in demand globally. amountse depleting around the world. we can participate in that growth. iron ore is absolutely fundamental to us and we are investing three -- almost $4 billion in two projects. we have a significant investment program underway in australia in iron ore and we are very confident in the outlook for iron ore. click the cover story is interesting. wasmany years, your company criticized for just being iron ore. how far away you think you are before we see copper added to the portfolio? >> 2020 at some point. it is probably a medium-term objective even the we are doing this in a measured exploration manner. we have to undertake the drilling programs to determine if there is something that we want to develop then from there, get the relevant approval. it is some way away. in the meantime, the next three to four years we will be
it china trade tensions? that you need to diversify away from your sales based in china? >> is not about diversity away from china. mining company. we think exploration is a great way to unlock potential growth. we think copper will be in demand globally. amountse depleting around the world. we can participate in that growth. iron ore is absolutely fundamental to us and we are investing three -- almost $4 billion in two projects. we have a significant investment program underway in...
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Aug 5, 2019
08/19
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BLOOMBERG
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china trade tensions. china punching back, the yuan plunging past seven per dollar for the first time since 2008 after the pboc said its daily -- , raisingaily rate speculation beijing was allowing its currency to depreciate to counter the president's latest tariff threats. joining us now is our chief emerging-market credit strategist. it is interesting because we saw the pboc governor say they would not use the currency as a tool in trade disputes. at the same time, the pboc saying the yuan broke through seven due to the threat of u.s. tariffs. have they essentially just weaponize to the currency? the currency war has been going on for longer than anyone would like to admit. if you look back to the the currency war has been going on for longer than anyone would like todollar-yuan cross y rates, they just need to keep it stable enough to keep investors moving their money. with volatility kicking up the way it is, it has dragged the entire em for word. what we are seeing now is credit curve flattening in ch
china trade tensions. china punching back, the yuan plunging past seven per dollar for the first time since 2008 after the pboc said its daily -- , raisingaily rate speculation beijing was allowing its currency to depreciate to counter the president's latest tariff threats. joining us now is our chief emerging-market credit strategist. it is interesting because we saw the pboc governor say they would not use the currency as a tool in trade disputes. at the same time, the pboc saying the yuan...
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Aug 23, 2019
08/19
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BLOOMBERG
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-china relationship. i think the worry we have today increasingly is that trump is not thinking this through at all, and is acting quite impulsively and is really opening the floodgates to things getting much worse. i think just ordering u.s. companies to leave china is a pretty striking remark, to say the least. emily: ordering them to find an alternative. he is also putting his presidential candidates in an interesting position, forcing them to inevitably take a position on china as this campaign draws out. what do they do and that pigment -- in that predicament? isaac: perhaps we should give him credit for the strategic nature of that. before, it felt like democratic presidential candidates had to be more prolabor and tougher on china and doing more to say at least that they are bringing jobs back to the united states. but it is really hard to be more extreme than this and maintain a sense of credibility about one's trade and economic policies. i think you will have a lot of late-night brainstorming se
-china relationship. i think the worry we have today increasingly is that trump is not thinking this through at all, and is acting quite impulsively and is really opening the floodgates to things getting much worse. i think just ordering u.s. companies to leave china is a pretty striking remark, to say the least. emily: ordering them to find an alternative. he is also putting his presidential candidates in an interesting position, forcing them to inevitably take a position on china as this...
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Aug 5, 2019
08/19
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CNBC
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than china. this is the first time a secretary of state has visited micronesia >> we know china seeks to engage and to influence this region, but i'm convinced that the people of the marshall islands, the people of palau, and the people of where we're sitting here today understand that having partners that are democratic, the united states, but australia, japan, the other pacific democracies are the best partnerships >> you are up to date. that's the news update this hour back downtown to you, jon. >> thank you, sue. >>> social stocks taking a hit along with the broader market, not helped by the president's comments from earlier. julia boorstin has more from l.a. julia? >> reporter: jon, that's right social as well as video game stocks dropping on president trump calling on them to step up efforts to prevent mass shooting shootings. >> we must shine a light on the dark recesses of the internet and stop mass murders before they start the internet, likewise, is used for human trafficking, illegal d
than china. this is the first time a secretary of state has visited micronesia >> we know china seeks to engage and to influence this region, but i'm convinced that the people of the marshall islands, the people of palau, and the people of where we're sitting here today understand that having partners that are democratic, the united states, but australia, japan, the other pacific democracies are the best partnerships >> you are up to date. that's the news update this hour back...
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Aug 6, 2019
08/19
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CSPAN2
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we agreed that the only country that could contain china was china. and our policy at that time was to try to give china room so it would not contain itself, that it would join the world-based order from which it had benefitted so strongly to that time. ever since it was open to the world. but what i now see china doing is containing itself. they are taking such aggressive action. they're getting such a wide range of areas, that the countries of the region who are there, the countries outside the region nonetheless have presence and interests and vital interest in the area, are really banding together to oppose this chinese, very aggressive posture from the military point of view, from the economic point of view, from the diplomatic point of view. so a few smile islands in the southern part of the south china sea are really inconsequential, compared to a strategic level, a unified concerned about china and banding together in order to-- in order to offset and to-- and to contain this offensive by china. so, i think basically china is causing a reactio
we agreed that the only country that could contain china was china. and our policy at that time was to try to give china room so it would not contain itself, that it would join the world-based order from which it had benefitted so strongly to that time. ever since it was open to the world. but what i now see china doing is containing itself. they are taking such aggressive action. they're getting such a wide range of areas, that the countries of the region who are there, the countries outside...
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Aug 25, 2019
08/19
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CNNW
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the principals, we respect china, we're planning on having china come. and let me also add on the trade front, there's an imminent announcement coming this afternoon here, this morning where you are, with a large-scale trade deal with china that will include agriculture as well as e-commerce and other areas. and let me also add not only is there a successful trade deal being brokered with japan, but we have a terrific deal with usmca, our partners in canada and mexico. which percentage point additional gdp per year when congress finally enacts the law, hopefully this fall, that will way outweigh any problems with the china trade. let's look at japan, look at the usmca. they're both growth adding and the economy is in fine shape as the american consumer is booming and there's virtually no inflation and interest rates are coming down. i still think it's a good picture. >> all right, larry. thank you so much for joining us. larry kudlow from france at the g7. we appreciate it. >>> he said he wrote the damn bill that now critics are accusing senator bernie s
the principals, we respect china, we're planning on having china come. and let me also add on the trade front, there's an imminent announcement coming this afternoon here, this morning where you are, with a large-scale trade deal with china that will include agriculture as well as e-commerce and other areas. and let me also add not only is there a successful trade deal being brokered with japan, but we have a terrific deal with usmca, our partners in canada and mexico. which percentage point...
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Aug 23, 2019
08/19
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FBC
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does not need china, saying quote, we do not need china. frankly would be far better off without them. the u.s. chamber of commerce chiming into the tweets, they share the president's frustration but encourage him to continue constructive talks between the two countries. trump demanding that u.s. companies move out of china, relocate manufacturing here in the saying our great american companies are hereby ordered to immediately start looking for an alternative to china. but the national retail federation is saying that a u.s. exodus from china would be not only unrealistic, but costly, it could take years to move supply chains out of the country. the president also calling for carriers like fedex, ups, the u.s. postal service to screen their shipments for illegal fentanyl being funneled from china here into the u.s. fedex and ups responding to this saying they follow all protocols and security measures to make sure i will is lit products do not make their way into their shipments. the president does not seem bothered by the ma market move o
does not need china, saying quote, we do not need china. frankly would be far better off without them. the u.s. chamber of commerce chiming into the tweets, they share the president's frustration but encourage him to continue constructive talks between the two countries. trump demanding that u.s. companies move out of china, relocate manufacturing here in the saying our great american companies are hereby ordered to immediately start looking for an alternative to china. but the national retail...
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Aug 3, 2019
08/19
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CSPAN
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china, we can't just make an even with china. we have to make a much better deal with china, because they have an unfair playing field, and i am turning it around. we are getting 25% of $250 billion. now we will be getting 10% of probably close to $350 billion. that is a lot of money. china has to do a lot of things to turn it around, but you will be seeing -- it goes on september 1. frankly, if they don't do them, i can increase it substantially. if i wanted to, i could increase it to a much higher number. >> [indiscernible] president trump: well, it is in a process right now. i know the case right now. it is a very sad situation. it is heartbreaking, but that is in a process, so i will not get involved in the process. as you know, they will be making a final decision over the next 10 days, so i will not interfere with the process. >> [indiscernible] president trump: we have been moving it down. we have been moving it down from syria. we defeated the isis caliphate and we have 100% of that. we have 2500 prisoners. europe is goin
china, we can't just make an even with china. we have to make a much better deal with china, because they have an unfair playing field, and i am turning it around. we are getting 25% of $250 billion. now we will be getting 10% of probably close to $350 billion. that is a lot of money. china has to do a lot of things to turn it around, but you will be seeing -- it goes on september 1. frankly, if they don't do them, i can increase it substantially. if i wanted to, i could increase it to a much...
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told me that actually china man kind of bowling so cricket and china are correlated for a long time and cricket was played for the 1st time on chinese soil way back in 1058 when in shanghai. a thesis from the dr then dr h.m.s. highflyer a ship from the u.k. that landed there the dock there and there was a high level so cricket has a long history but 150 years later the gentleman scheme is still stands where it all began so quick it hasn't got its launch pad yet. though i mean it's being played quite radically but. for a long time cricket is still trying to or stick it sneak out in china because other sports especially the olympic sports have kind of a predominantly. popular in china and where it has to you know that's it for the time being you're you do say if they can a back seat but from the as you sort out of port of the roughly 80000 people who are playing the sport in china of them about half are women why is it so popular amongst women. yes as you mentioned the figure 80000 people are really getting china at this at this point of time but i must tell you most of them have been
told me that actually china man kind of bowling so cricket and china are correlated for a long time and cricket was played for the 1st time on chinese soil way back in 1058 when in shanghai. a thesis from the dr then dr h.m.s. highflyer a ship from the u.k. that landed there the dock there and there was a high level so cricket has a long history but 150 years later the gentleman scheme is still stands where it all began so quick it hasn't got its launch pad yet. though i mean it's being played...
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Aug 30, 2019
08/19
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BLOOMBERG
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and europe to china is probably going to happen from china to other countries. emily: does the trade war impact your business, the decisions you are making? dheeraj: in many ways, it is helpful because people are looking more dispersion in the cloud. we still have a centralized control plane. how to get the economies on the cloud. emily: how does the next year, given all of this uncertainty, look like? dheeraj: we are planning quarter to quarter. we have to go to our own macro subscription. as we go through our own macro, we are being more methodical in the way we should plan. we have to do quarter to quarter because everything is more agile and bite-size. emily: does that make it harder to think about the long-term vision? the job of the ceo, thinking short-term and long-term. dheeraj: it is the paradox. we are investing long-term but we have to be mindful about the short-term. emily: we will be watching how you navigate that text transition. nutanix ceo, thank you so much for stopping by. coming up, a california bill is threatening to checkup that gig economy.
and europe to china is probably going to happen from china to other countries. emily: does the trade war impact your business, the decisions you are making? dheeraj: in many ways, it is helpful because people are looking more dispersion in the cloud. we still have a centralized control plane. how to get the economies on the cloud. emily: how does the next year, given all of this uncertainty, look like? dheeraj: we are planning quarter to quarter. we have to go to our own macro subscription. as...
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Aug 24, 2019
08/19
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MSNBCW
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thing worse for the united states than a strong china is a weak china and if china were to slip into some sort of recession 2% growth or less because of this on going trade war, that has reverberations around the world. that will affect europe and this other trading partner but the united states, as well. yes, the u.s. economy looks fine now. consumer strong, unemployment is low but that can change. i mean, you don't go into a recession from a trough. you go in from a peak and we are at peak numbers in a lot of different areas. this is just going to make matters worse down the road. >> and again, trying to work to turn this tape around but the president reiterating what he said. he's willing to talk to china. there have been conversations before. what do you know about the state of those conversations, the state of the dialogue negotiations between the united states and china in light of this massive escalation we saw on both sides today? >> look, certainly you and i are not sitting in the room but, you know, from where we are sitting, i don't see temperatures cooling in any respect.
thing worse for the united states than a strong china is a weak china and if china were to slip into some sort of recession 2% growth or less because of this on going trade war, that has reverberations around the world. that will affect europe and this other trading partner but the united states, as well. yes, the u.s. economy looks fine now. consumer strong, unemployment is low but that can change. i mean, you don't go into a recession from a trough. you go in from a peak and we are at peak...
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Aug 26, 2019
08/19
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LINKTV
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that has to do with china. i prefer the term competition of systems none of us has an interest in a real clash when but definitely in a global situation where we have. the established western democracies on the one hand on the other hand we have a rise of authoritarian systems. led by china and that is part of the conflict that is playing out that that is part of why the us is getting involvedd on a high level because- the us and china have this trade and everything else wall going on. so more trouble for she can ping something that donald trump obviously enjoys but it's also something that concerns us in europe because in hong kong we say we see the play book. that china is using to handle dissent and cold for democracy and that is a much much broader question how is a more of a clash sure a competition and i prefer the words of the term they call existing because okay system. should be co existed in what china doesn't want is that this be between the what the two systems that one system is challenging the mot
that has to do with china. i prefer the term competition of systems none of us has an interest in a real clash when but definitely in a global situation where we have. the established western democracies on the one hand on the other hand we have a rise of authoritarian systems. led by china and that is part of the conflict that is playing out that that is part of why the us is getting involvedd on a high level because- the us and china have this trade and everything else wall going on. so more...
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china beginning of october. that's coming up yeah i don't believe they're going to be have a very very bad image in the international press when the pira is marching to hong kong ok so china plays a very long game though the communist party in beijing. if we look at the past if we look at what's happened in tibet what happened at yemen square the internment of the weak corps i mean beijing is not adverse to reverting to force at the end of the day it could have would be because hong kong has nothing legal framework this is a part of a not a system the legal frame with sess the peary could be sent to hong kong if the c.e.o. of the leader of hong kong officially a speeching to do that about of not sink caroline as the leader of the city is going to do that ok well how is the west responded there's been a mixed response french and german leaders have called for dialogue about the situation the u.s. congress has condemned china's heavy handed police response president trump has called on the chinese president to exe
china beginning of october. that's coming up yeah i don't believe they're going to be have a very very bad image in the international press when the pira is marching to hong kong ok so china plays a very long game though the communist party in beijing. if we look at the past if we look at what's happened in tibet what happened at yemen square the internment of the weak corps i mean beijing is not adverse to reverting to force at the end of the day it could have would be because hong kong has...
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Aug 28, 2019
08/19
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CSPAN2
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china relationship. rather if american policymakers want to ensure a certain national formulary is widely available to the public in times of crisis policies around domestic production and the national formulary would be appropriate. is worth calling our collective attention to this concern. taking a dependency on china for pharmaceutical products has historically been understood as one of the reasons u.s.-china relationship should be brought up a safe and stable periods interpreted through a lens of mistrust. if we indeed believe america can't take calculated dependency on china for critical components to moderate life health care medicine being just two of those and we are still working in -- however if we no longer believe america can do so much of what has supported the modern era of globalization is no longer valid the second risk is sipping his role in the american health care step -- sector predetermination by sipi is the company would have to divest its 1 million-dollar vestment in the american h
china relationship. rather if american policymakers want to ensure a certain national formulary is widely available to the public in times of crisis policies around domestic production and the national formulary would be appropriate. is worth calling our collective attention to this concern. taking a dependency on china for pharmaceutical products has historically been understood as one of the reasons u.s.-china relationship should be brought up a safe and stable periods interpreted through a...
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Aug 26, 2019
08/19
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FBC
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be a trade deal with china and that china wants to make one quote, very badly. there were a couple different headlines, though, today that really shot the market upward, especially over the last few days in which it seemed like there was a whole lot of escalating tensions. on the one hand it was the vice premier liu he who said china would like to strike a deal with cooperation and a calm attitude, but also, the president said that over the weekend, there were a couple different phone calls from china and that china said that it wanted to get back to the negotiating table. china, though, is denying that those phone calls took place and the administration right now is not saying who might have spoken with who, though the treasury secretary steve mnuchin earlier today said the sides are quote, communicating through intermediaries. the president at that press conference was later pressed for details and this was his response. listen. >> i don't know the gentleman. i think that -- i think i know him a little bit just by watching over the last number of years what's
be a trade deal with china and that china wants to make one quote, very badly. there were a couple different headlines, though, today that really shot the market upward, especially over the last few days in which it seemed like there was a whole lot of escalating tensions. on the one hand it was the vice premier liu he who said china would like to strike a deal with cooperation and a calm attitude, but also, the president said that over the weekend, there were a couple different phone calls...
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and china what's the sentiment among investors there on wall street. investors are nervous you know since i desire to so it has a lot of similarities with the one that we lived in august 2000 people seen by dan after a good 1st half of the european allies not picking up late cycle signs with central banks said to too easy to boost growth and more importantly a chinese a slowdown led to an abrupt devaluation of the chinese a currency that sent us all across our global markets and especially emerging ones that said something best to point out that the chinese authorities now have a much better handle on capital flows back in 2015 and have been holding back mainly to to avoid the railing those trade negotiations by those trying to announced last week they've always seems to be a short term a target if not as a symbol for a long time though since it makes a chinese imports more expensive take a toll on the country's consumers and investors and also increase the risk of those a capital outflows that materialize in at some point. so the chinese took their fo
and china what's the sentiment among investors there on wall street. investors are nervous you know since i desire to so it has a lot of similarities with the one that we lived in august 2000 people seen by dan after a good 1st half of the european allies not picking up late cycle signs with central banks said to too easy to boost growth and more importantly a chinese a slowdown led to an abrupt devaluation of the chinese a currency that sent us all across our global markets and especially...
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Aug 23, 2019
08/19
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CNBC
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eastern, china announced the firing of the latest china trade war. that sparked a sell off at 10:00 a.m. lifted off the lows when chair powell would be ready to about as needed to sustain the economy but an hour later, president trump launched a string of tweets taking aim at powell and china and escalate the trade conflict that sent the market smiling the dow fell 745 points, that is breaking below the 200 day moving average for market watchers the key concern among traders, the additional tariffs will delay business spending and hurt the american consumer, which so far held up relatively well as we've seen in recent earnings reports from target and gab. t retail was expectations and banks slumped and fears of a yield curve flared up again and tech and industrial industrials. specific names, fedex and ups pushed further into correction territory putting this into perspective. with today's losses and major averages are 6% away from record highs. not the way many investors wanted to start the weekend but you can bet traders will keep a close eye on tw
eastern, china announced the firing of the latest china trade war. that sparked a sell off at 10:00 a.m. lifted off the lows when chair powell would be ready to about as needed to sustain the economy but an hour later, president trump launched a string of tweets taking aim at powell and china and escalate the trade conflict that sent the market smiling the dow fell 745 points, that is breaking below the 200 day moving average for market watchers the key concern among traders, the additional...
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Aug 6, 2019
08/19
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CNBC
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and china over trade. of course china did allow the yuan to fall to an 11-year low against the dollar late yesterday. the u.s. treasury in the day labeling china a currency manipulator. since then china's central bank has stepped in we' we'll speak with white house chief economic advisor larry kudlow in a few minutes. you and i were talking yesterday, jim, about what we might expect in the market during the course of the day the move down in yields and the 10-year in particular also caught a lot of people's attention. here we are a day later. we looked like we'd be down sharply after other markets opened down. we have now rebounded at least in the futures market. what are your expectations >> i think that you can't buy enough opening there was a lot of money committed on the sell side i don't know how much short, between when we announced there was going to be designation and probably right to the special last night apple 185, microsoft down 5, facebook down 20 these were very big prints over and over they
and china over trade. of course china did allow the yuan to fall to an 11-year low against the dollar late yesterday. the u.s. treasury in the day labeling china a currency manipulator. since then china's central bank has stepped in we' we'll speak with white house chief economic advisor larry kudlow in a few minutes. you and i were talking yesterday, jim, about what we might expect in the market during the course of the day the move down in yields and the 10-year in particular also caught a...
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410
Aug 14, 2019
08/19
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FBC
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>> china, for sure. 100% china, china, china is what investors are focusing on. what's happening in hong kong is resonating or the echo of what's happening in hong kong is resonating with investors that this is part and parcel to a larger problem that the western world is having with china and how will china react to the trade war, how will china react to what's going on in hong kong, that's unsettling investors for sure. stuart: i'm surprised to hear you say that. look, these are events on the other side of the earth. granted, we can see them in realtime but it isn't unusual that, i mean, this police crackdown in hong kong on the demonstrations, isn't that kind of unusual that it would have such a profound impact on our money here? >> i don't believe at this juncture in terms of what the united states is doing in this conflict with china. i think what's happening in hong kong points to investors that it kind of pushes back that hong kong is going to push back against the u.s. i think that's sort of the linkage investors are looking at and making them increasingl
>> china, for sure. 100% china, china, china is what investors are focusing on. what's happening in hong kong is resonating or the echo of what's happening in hong kong is resonating with investors that this is part and parcel to a larger problem that the western world is having with china and how will china react to the trade war, how will china react to what's going on in hong kong, that's unsettling investors for sure. stuart: i'm surprised to hear you say that. look, these are events...
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Aug 13, 2019
08/19
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BLOOMBERG
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marty: china will work in what they consider to be the best interest of china. it is very difficult to organize in support of something as it is to organize the in opposition of something. it is hard to tell whether a majority of hong kong residents support the protesters. there is no mass rallies of support for carrie lam. far be it from me to support stephen roach, who has been following china for decades. he is absolutely right. the worst case for china as them being forced to send in the pla to restore order. that could be -- have repercussions for china and for hong kong for a long time. vonnie: marty schenker are, our thanks to you. stephen roach, yell university senior fellow, let me come back to you. if you were advising xi jinping what would be the end game that would be amenable to the most parties, if not all? stephen: i have no advice for the president of china other they are at their seaside retreat right now. plateave a lot on their with respect to the u.s. issues,, the hong kong and their own domestic reform agenda. it is a balancing act for the o
marty: china will work in what they consider to be the best interest of china. it is very difficult to organize in support of something as it is to organize the in opposition of something. it is hard to tell whether a majority of hong kong residents support the protesters. there is no mass rallies of support for carrie lam. far be it from me to support stephen roach, who has been following china for decades. he is absolutely right. the worst case for china as them being forced to send in the...
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Aug 24, 2019
08/19
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CNNW
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we should stand up to china. it's a blind cyclops wondering about and making threats and not building alliances like scott says and that ends up making the wrong people look right. >> scott, another issue certain to come of the g 7 is north korea and in the last hour they launched another missile. it's the ninth missile launch since may as you know the president has given north korea a pass because as they launch in south korea and japan have expressed alarm, the president said the smaller missile tests don't bother him. is the policy working? >> well, i have given the president credit for trying something different. we've been failing at this for decades as americans trying to deal with the north koreans. on the other hand, i don't think you can trust these people. i think they have no intention of denuclearizing. we ought to threat them like an enemy. that shouldn't stop them from doing what we want them to do. they have no interest in giving up the only leverage and testing president trump at a time when he is
we should stand up to china. it's a blind cyclops wondering about and making threats and not building alliances like scott says and that ends up making the wrong people look right. >> scott, another issue certain to come of the g 7 is north korea and in the last hour they launched another missile. it's the ninth missile launch since may as you know the president has given north korea a pass because as they launch in south korea and japan have expressed alarm, the president said the...
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Aug 6, 2019
08/19
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labeling china a currency manipulator china saying the u.s. is deliberately putting international order in disarray. >>> and how the market turmoil could complicate the picture for the federal reserve. we have that story and the stories that matter most to your money straight ahead it's tuesday, august 6, 2019 "squawk box" begins right now. >>> live from new york where business never sleeps, this is "squawk box. >>> good morning welcome to "squawk box" on cnbc. we're live at the nasdaq market site i'm melissa lee along with andrew ross sorkin joe and becky are off. we have two guest hosts sitting in tom farley current chairman and ceo of fire point and we have shark tank's kevin o'leary the dow coming off a 767 point drop yesterday it was the seventh worth point drop of all time last night president trump's administration responded with the treasury departmen
labeling china a currency manipulator china saying the u.s. is deliberately putting international order in disarray. >>> and how the market turmoil could complicate the picture for the federal reserve. we have that story and the stories that matter most to your money straight ahead it's tuesday, august 6, 2019 "squawk box" begins right now. >>> live from new york where business never sleeps, this is "squawk box. >>> good morning welcome to "squawk...
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Aug 1, 2019
08/19
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BLOOMBERG
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-china trade talks. as citizens of the united dates, myself and my colleagues in china, we would love to see a u.s.-china trade to because it would probably help both countries, but as we said before, we want to talk directly to the u.s. government. oaks think because there's the will be thewe subject of trade talks, that means everything is political. the fact is we believe there will be certain restrictions placed on huawei just as there are on ericsson and nokia and we are happy to talk with the u.s. government about that. >> how are you trying to allay concerns over government issues? >> when we have the opportunity to talk to the u.s. government, about provenlk risk mitigation methods that have set of side -- satisfied the u.s. government that have allowed nokia and ericsson to do business in the united rates -- in theeir did ties united states their deep ties to china. country likes to have things specialized for themselves and we are happy to talk about that. >> one of the issues is that course, i
-china trade talks. as citizens of the united dates, myself and my colleagues in china, we would love to see a u.s.-china trade to because it would probably help both countries, but as we said before, we want to talk directly to the u.s. government. oaks think because there's the will be thewe subject of trade talks, that means everything is political. the fact is we believe there will be certain restrictions placed on huawei just as there are on ericsson and nokia and we are happy to talk with...
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Aug 23, 2019
08/19
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we've seen a change in the trade gone from trade rhetoric to china to china let iting curraey drop to saying they're not going to buy anymore imports and this now has gone from the name calling stage in the playground of the sticks and stoeps stage in the playground. it's not a good thing, but going back to chairman powell, i thought he did a great job and the rest, boy, investors have to take a deep breath i think prozac sales must be surging. >> in interpretterms of the vol, the rubber hits the road many september, typically, ceos make decisions about whether or not they're spending or how much with the backdrop of this volatility, do we run the risk that these ceos pull back? i want to remind people of the comment, we can talk ourselves into a recession at this point >> in fact, it's already happened if you look at last quarter's gdp, we lost one percentage point on annualized growth because business spending just didn't really happen and so any uncertainty is going to make business leaders you know hesitate from taking out their checkbooks >> you know, ron, before we get too deep
we've seen a change in the trade gone from trade rhetoric to china to china let iting curraey drop to saying they're not going to buy anymore imports and this now has gone from the name calling stage in the playground of the sticks and stoeps stage in the playground. it's not a good thing, but going back to chairman powell, i thought he did a great job and the rest, boy, investors have to take a deep breath i think prozac sales must be surging. >> in interpretterms of the vol, the rubber...